capisce
Joined 15 years ago
Joined 15 years ago
Bitboys tried, but pivoted to embedded graphics and were bought by ATI: https://en.wikipedia.org/wiki/Glaze3D
Falanx Microsystems tried (not EU but close enough), also pivoted to mobile/embedded graphics and made the #1 shipping family of GPUs in the world: https://developer.arm.com/community/arm-community-blogs/b/mo...
I assume this person is employed, so they're probably already doing quite a lot more than just hedonistic enjoyment.
This seems to be the case in Sweden. Very high taxes, but a robust safety net, and a very high startup activity per capita: https://www.business-sweden.com/about-us/media/press-release...
So I'm not sure it's the taxation structures that are mainly to blame.
Also, strange to suggest banning caffeine when discussing a study finding that it reduces risk of death.
The Wikipedia entry on the subject: https://en.wikipedia.org/wiki/Land_value_tax
> In terms of total returns, residential real estate and equities have shown very similar and high real total gains, on average about 7% per year.
> The data summary in Table 3 and Figure 2 show that residential real estate, not equity, has been the best long-run investment over the course of modern history.
> Although returns on housing and equities are similar, the volatility of housing returns is substantially lower, as Table 3 shows. Returns on the two asset classes are in the same ballpark— around 7%—but the standard deviation of housing returns is substantially smaller than that of equities (10% for housing versus 22% for equities).
> Predictably, with thinner tails, the compounded return (using the geometric average) is vastly better for housing than for equities—6.6% for housing versus 4.6% for equities. This finding appears to contradict one of the basic assumptions of modern valuation models: higher risks should come with higher rewards.
Seems the way the real estate market works has caused a big drain both on economic growth (as investments have gone into real estate rather than more productive products), and on economic equality.
So a Georgist land value tax does seem like a pretty good idea.
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